TIPS MUSIC LIMITED has formally informed exchanges that a Goods & Service Tax (GST) Department team from Mumbai has initiated an inspection, search, and seizure operation at the company’s Account Office. The operation began on February 17, 2026, and is currently ongoing. The company confirms full cooperation, is compiling necessary data, and assures stakeholders that business operations continue as usual during this process.
GST Authority Initiates Search Operation
TIPS MUSIC LIMITED (formerly Tips Industries Limited) has issued a mandatory corporate filing regarding regulatory action initiated by the Goods & Service Tax (GST) Department of Mumbai, Maharashtra. The action involves an inspection, search, and seizure operation being conducted at the company’s designated Account Office.
Timeline and Current Status
This official operation commenced on February 17, 2026, and, as of the filing date of February 18, 2026, remains ongoing. The Company Secretary confirmed that the officers are currently fully cooperating with the GST Department personnel to address all queries raised during the proceedings.
Business Continuity and Reporting
TIPS MUSIC LIMITED has assured the exchanges that the business operation of the Company continues as usual despite the external activity at the administrative office. The company is actively engaged in collating and responding to all necessary documentation. A final report related to the search and seizure operation will be concluded and communicated in due course, following established procedures.
Source: BSE
